Paypoint plc : Director/PDMR Shareholding

28 May 2012

PayPoint plc - Deferred Share Bonus Plan

PayPoint plc announces that on the 25 May 2012 in accordance with the rules of the PayPoint plc Deferred Share Bonus Plan (the 'DSB'), the following Executive Directors and Persons Dispensing Managerial Responsibility ('PDMR') purchased ordinary shares in the Company ('Bonus Shares') and the Remuneration Committee has granted the following conditional share awards ('Matching Shares'):

Director	Bonus Shares Purchased	Matching Share Awards
George Earle	10,237	21,328
Dominic Taylor	13,525	28,178
Tim Watkin-Rees	9,366	19,514

PDMR	Bonus Shares Purchased	Matching Share Awards
Seamus Smith	1,653	3,445
Jon Marchant	817	1,703
Michael Norton	613	1,277
Graham Bird	593	1,235
Mugur Dogariu	2,164	2,770

The Bonus Shares were acquired on 25 May 2012 at a price per share of 625pence.

Executive Directors are required to defer at least 25% of their cash bonus under the plan.  Deferred awards are eligible for matching shares, which is subject to:

• minimum earnings per share growth of RPI+3% p.a. over a three year period; and
• the participant still being employed by the Company at the end of the three year deferral period, (in the case of the awards detailed here, until 26 May 2015).

In addition to the 25% mandatory deferral, the executive directors may elect to defer up to a further 25% of their cash bonus received in respect of the year ending 25 March 2012 into Company shares. Any additional deferral will also be eligible for matching shares.  

The Matching Shares were allocated on 25 May 2012 at a price per share of 625pence.

-end-

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information contained therein.

Source: Paypoint plc via Thomson Reuters ONE

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